Govt offers to buy Kg Baru land at RM850 per square foot

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Govt offers to buy Kg Baru land at RM850 per square foot
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Govt offers to buy Kg Baru land at RM850 per square foot thesundaily KampungBaru KhalidSamad

Rural Development Minister Datuk Seri Rina Mohd Harun and Federal Territories Minister Khalid Samad , at the town hall attended by about 3,000 land owners and heirs, in Kampung Baru, on Sept 21, 2019. — BernamaThe government today offered to buy land in Kampung Baru here at a rate of RM850 per square foot, as compensation to land owners and heirs, in return for redevelopment of the area.

“Apart from the value of the land, whatever structures or buildings on the land will also be valued for the purposes of compensation to be given out,“ he said during a town hall attended by about 3,000 land owners and heirs, in Kampung Baru. Khalid said land owners could choose from four types of offers from the government comprising cash, a completed apartment or condominium unit , a combination of cash and a completed unit, and shares in a company which will serve as a Special Purpose Vehicle in connection with the redevelopment project.

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